• New York Times union members approved a five percent pay cut last night, which takes effect today. Meanwhile, the NYT will resume negotiations with the Boston Globe's largest union at 5pm this afternoon. [NYP, E&P]
• The Onion is killing off its LA and San Francisco print editions. [Gawker, MP]
• How desperate has NBC become? Execs have announced that Jay Leno "is not afraid to experiment with live commercials and with sponsorships." [AdAge]
• Better news for NBC: It scored big with its coverage of the Derby. [NYP]
• Ad spending in the fourth quarter fell 9.2% from a year earlier. [WSJ]
• Writers gathered last night to say goodbye to the Times' City section. [NYO]

An Onion staffer whispers to us that the humor publication has already laid off editorial and sales …
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• Meet the Press with David Gregory is still in first place in Sunday morning talk show ratings, although the competition appears to be closing in. [LAT]
• TV Week will shutter its print publication and go online-only beginning in June, not that you even knew it was a print title to begin with. [AdAge]
• Blathering idiot Michael Wolff seems to have found a new enemy: David Carr of the Times, who Wolff says is "semi-retarded." [Gawker]
• Billy Elliot: The Musical has received a record-tying 15 Tony Award nominations, including best musical, best book, and best score. [THR]
• Anderson Cooper has an American Idol prediction, if you're interested. [HP]
• The producers of a reality series about homeless people are still looking for a home for the show. It features "homeless people kissing, making love, [and] falling in love," in case you're a TV exec looking for a sure thing. [B&C]